Personal Loan in Ahmedabad

One of the largest cities in the state of Gujarat, Ahmedabad has emerged as one of the important economic and industrial hubs in the country. The city houses industries across the board; be it pharmaceutical, textile, electronics, cars, electronics, chemicals, etc. These industries have not only added to the growing economy but also created job opportunities as well as increased aspirations among its residents. 

As a salaried person working and living in Ahmedabad, a sudden financial crunch can arrive at any point in time. This crunch can be witnessed while planning a wedding, during home renovation, while planning a vacation, or during a medical crisis. Availing a personal loan in Ahmedabad can be the solution to overcoming this problem. 

To avail a personal loan in Ahmedabad from Finnable, applicants can use Finnable’s personal loan app. All they need to do is download the app and apply for an online personal loan. The entire process is quick and easy, and the funds are credited with six hours of document verification. 

Eligibility Criteria For Personal Loan

To be eligible for a personal loan in Ahmedabad, the applicant needs to tick the following boxes in the eligibility criteria:

  • The applicant needs to be a resident of India.
  • The applicant should be between the age of 25-45 years.
  • At the time of application of the instant personal loan, he should be employed in a government or private organisation. 
  • The minimum work experience at the current organisation should be more than 3 months, and the applicant must have more than 6 months of total work experience.
  • While availing a personal loan, if the applicant lives in a Tier-I city, they should have a monthly salary of more than Rs. 20,000/-. For an applicant residing in a Tier-II city, they should have a monthly salary of more than Rs. 15,000/-. 
  • The salary should be credited into a bank account.

Personal Loan Application process

Borrowers can avail the best personal loan through Finnable’s personal loan app. To avail a personal loan in Ahmedabad through the personal loan app, the borrower can follow these steps: 

  • Download the personal loan app from Playstore.
  • Once downloaded, create your profile and add the necessary personal and professional details.
  • Choose the type of personal loan, loan amount, and loan tenure. 
  • Upload the required documents through the personal loan app.

Once the documents are verified by Finnable, the loan amount will be credited within 6 hours into the applicant’s bank account. 

Personal Loan For Salaried

FAQs

What are the documents required for a personal loan?

To avail a personal loan in Ahmedabad, applicants must provide their PAN card, Aadhar card, salary slip for 3 months from their current organisation, and bank statement of the salary account on email. If unavailable on email, they should be able to access it through net banking.
What are the different types of personal loans available in Ahmedabad?
A personal loan is an unsecured loan that can be used for a multitude of reasons. The different types of personal loans in Ahmedabad include personal loans for travel, wedding, home renovation, personal loan for education, medical emergency. You can also apply for the best personal loan to cover any urgent expenses.

 

How to calculate personal loan EMI?

Before applying for an online loan, borrowers need to know the repayment options available. Repayment of the instant personal loan is done through EMI. 

The basic formula to calculate the EMI is

EMI= Px Rx [(1+R)^N]/ [(1+R)^N-1]

Where, 

P=Principal amount

R=Rate of Interest

N= Tenure of the loan. 

Borrowers can also use Finnable’s personal loan EMI calculator to calculate the EMI instantly while applying for the best personal loan in India. They have the option of either choosing a long or short loan tenure depending on their repayment capabilities. 

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